<VV> FW: Corvairs in a Cornfield

Mon Oct 28 18:08:03 EDT 2013

Subject: Corvairs in a Cornfield

In case you missed the story.....

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Corvairs in a Cornfield - the Lambrecht Auction
Brian Rabold
The most famous auction to occur this year wasn't in Arizona or Pebble Beach
- it happened in Nebraska. Pierce, Neb., to be exact, a town with fewer than
2,000 residents located two hours northwest of Omaha. The town swelled past
10,000 people, if not twice that, for the Sept. 28-29, 2013, VanDerBrink
auction, where more than 500 Chevrolets and other American marques - many
barely driven - from Ray Lambrecht's dealership were put under the hammer.
In total, all 503 vehicles sold for slightly more than $3.0M, including
buyer's premium.
Of the 503, it is noteworthy that nine of them were first-generation
Corvairs. Even more interesting is that two of the top 10 sales of the event
were both 1963 Chevrolet Corvair Monza coupes. A red 17-mile car with
4-speed traded for $42,000 and a white example hiding under strata of dust
sold for $40,000, not including buyer's premium. A non-running 1963 forward
cab Greenbrier van with only 46 miles sold for $19,000, and a quartet of
1960 Monza sedans - one with 1.7 miles logged and another with only 12.8
miles on the odometer - sold between $5,300 and $3,000.
Is this further evidence that Corvairs are gaining interest among
collectors? Not exactly, even if the latter half of that statement remains
true. In fact, the general consensus among market watchers is that the
Lambrecht sale saw very strong bidding indeed, especially during the first
day and for the ultra-low-mile examples. The low-mile cars in particular
were rightly regarded as an opportunity to acquire some of the most original
examples of the model around, and several bidders stepped up to turn that
opportunity into reality. As many participants observed, where else would
you find another?
The outlook for Corvairs remains optimistic, but more than anything the
Lambrecht auction illustrated the hobby's most powerful current phenomenon:
the allure of the barn find survivor. In general, the condition of the
Corvairs at the sale were consistent with the rest of the lots on offer,
which is to say unrestored originals that were navigating their way through
various stages of decay. The new buyers made the case with their wallets
that originality is something that cannot be manufactured in a less original
car, and that it is worth a premium. That premium becomes a little less
exuberant, however, as a car skews farther from "survivor" and more towards
"basket case."
All that said, even a rusty Corvair sedan sold for driver-quality money.
Ahh, the power of a good story.
Corvair sales

1.
<http://click.news.hagerty.com/?qs=e941241efa7687109cd56308b49a33039f98dfdf3
2d4c4d6798c025452a51a78> 1963 Chevrolet Corvair Monza Coupe sold for $42,000

2.
<http://click.news.hagerty.com/?qs=e941241efa7687109cd56308b49a33039f98dfdf3
2d4c4d6798c025452a51a78> 1963 Chevrolet Corvair Monza Coupe sold for $40,000

3.       1963 Chevrolet Corvair 95 Greenbrier Van sold for $19,000

4.
<http://click.news.hagerty.com/?qs=e941241efa7687109cd56308b49a33039f98dfdf3
2d4c4d6798c025452a51a78> 1963 Chevrolet Corvair Monza Coupe sold for $13,000

5.
<http://click.news.hagerty.com/?qs=e941241efa768710068d0db917adcfd476ffc9b6e
e492b08a3356643f23a679e> 1960 Chevrolet Corvair 500 Coupe sold for $12,500

6.
<http://click.news.hagerty.com/?qs=e941241efa7687109cd56308b49a33039f98dfdf3
2d4c4d6798c025452a51a78> 1963 Chevrolet Corvair Monza Coupe sold for $5,300

7.
<http://click.news.hagerty.com/?qs=e941241efa768710a646717ed8f402c2b30c202ad
eb40710f0056d0119848a8b> 1960 Chevrolet Corvair 500 Sedan sold for $4,250

8.
<http://click.news.hagerty.com/?qs=e941241efa768710dc01085cf59c3feca55ba62ac
3678c2b2fee687131583f26> 1960 Chevrolet Corvair 700 Sedan sold for $3,800

9.
<http://click.news.hagerty.com/?qs=e941241efa768710dc01085cf59c3feca55ba62ac
3678c2b2fee687131583f26> 1960 Chevrolet Corvair 700 Sedan sold for $3,000

Brian Rabold is editor of Hagerty Price Guide.

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